In our previous articles, you learned about the impacts of inflation - and why it is so important to consider alternate savings vehicles for wealth preservation. You also learned about cryptocurrency savings accounts, and some of the unique advantages and disadvantages that exist between CeFi and DeFi platforms.

For your consideration, we would like to present Finblox - a revolutionary CeDeFi platform that combines the best of both worlds!

What is Finblox?

Finblox is a next-generation superapp where you can game, trade, and earn with your crypto by simply holding it in our accounts. There are no minimums, no lock-ins, and no restrictions on when users can withdraw - and the UI is minimal, making for a transparent and user-friendly experience.

If you're wondering where to buy crypto and make the most of your crypto investment, Finblox is one of the best apps to buy cryptocurrency and earn passive income - especially for new traders who want to invest in crypto, but are concerned with volatility in the markets.

Why was Finblox created?

Finblox was conceived with a singular mission in mind: the democratization of wealth using the power of crypto. In developing economies all around the world, we witness a huge disparity in financial education and digital banking penetration - resulting in a complete lack of financial inclusion. Many families do not have access to wealth-building services, or have not realized how simple it is to begin saving for a better future.

Finblox University was designed to teach users how to safely invest in crypto, while the Finblox application was our answer to financial inclusion. With nothing more than a smartphone, users can now buy cryptocurrency and earn stellar yields on their crypto investments that well exceed rates at traditional bank savings accounts.

Where is Finblox based?

Finblox is based in Hong Kong, and has team members all around the world from countries such as the United States, Singapore, Vietnam, the Philippines, Indonesia, the EU, Russia, and more.

We're proud to say that our users hail from over 100+ countries, and we've even gotten to know a few of them personally through regular conversation and user interviews! No matter who or where you are in the world - rich, poor, accredited, non-accredited - you can buy crypto instantly and begin earning passive income on your crypto investments.

Why should I trust Finblox?

Finblox is backed by some of the most prominent VCs in the world, including Sequoia Capital, MSA Capital, Dragonfly Capital, Coinfund, and more. Our advisors and angels include Xinshu Dong (co-founder of Zilliqa), Ron Hose (Founder of coins.ph), and Loi Luu (co-founder of Kyber Network). To view the full list, please click here.

Users will be pleased to know that their crypto investments are protected and insured by Fireblocks for up to 45M USD. Additional cybersecurity and fraud prevention services are provided by our partner, Coincover - making Finblox one of the safest and most reputable platforms to buy cryptocurrency and store your digital assets.

What are the benefits of Finblox?

Finblox is one of the best places for beginners and veterans alike to invest in crypto for the following reasons:

• There are no minimum required balances. Users can buy crypto instantly and begin earning rewards, whether they start small or big.
• Unlike other crypto buying apps, there are no lock-in periods required to earn your yields.
• Withdrawals can be performed anytime.
• Yields are compounded and paid daily - meaning you don't have to wait to claim returns on your crypto investment.
• Finblox allows you to buy crypto with credit cards and debit cards through our dedicated partner, Moonpay.
• Your funds are safe in the custody of Fireblocks, the leading digital assets infrastructure provider in the world - and insured for up to 45M USD.
• Our world-class customer support team is lightning fast and available to assist you through email, website chat, and Telegram!
• Finblox supports over 23 different cryptocurrencies, and offers some of the most competitive rates in the market. To view all supported assets, please click here.

What security features are available?

One major concern cited in crypto buying apps is the lack of security measures and foresight to anticipate problems before they happen. We solve this by taking a blended approach that involves both technology and human intervention. The first line of defense is a standard two-factor authentication (2FA) code. Upon screen timeout, Finblox also requires users to enter a PIN code to access the app - and even offers biometric recognition features.

Furthermore, our advanced notification system alerts users when suspicious logins have been detected, and confirms all transactions with a quick email.

However, we believe that security requires a proactive approach - not simply a reactive one. As a result, we've made the KYC process mandatory to unlock withdrawal limits beyond a certain threshold, as stipulated by anti-money laundering (AML) guidelines. Also, our compliance team regularly scans the userbase for suspicious individuals - and compares them to various sanctions lists such as OFAC to help keep the community safe.

All of this combined makes Finblox one of the most secure platforms to buy cryptocurrency on and earn passive income.

What is KYC and why should I complete it?

The Know-Your-Customer (KYC) process is designed to keep you and your crypto investment safe by binding your proof of identity and proof of address with your account. Another individual attempting to create an account using your identity will find themselves unable to do so. Sanctioned and blacklisted individuals will also be unable to pass KYC, which severely restricts their withdrawal limits and ability to move funds for malicious purposes.

At Finblox, every user begins with a basic daily withdrawal limit of 1000 USD. While none of the regular functions of the app will be impaired, we highly urge all users to pass the "Verified Plus" level of KYC as soon as possible - so that they can unlock a maximum withdrawal limit of 50,000 USD per day, and maintain liquidity in the event of an emergency.

For more information on KYC levels and how to complete them, please click here.

How do I buy crypto on Finblox?

If you already have existing assets in another crypto buying app, wallet, or exchange - you can deposit them to Finblox by tapping the "+" icon from the home screen. Choose the desired asset, select a blockchain network, and copy the generated address into the withdrawal screen of your sending application.

Once you confirm that the address and network are correct, transfer the assets and wait for them to arrive.

For individuals that do not have previously existing assets, Finblox offers the option to buy cryptocurrency through our partner Moonpay. Within minutes, you can buy crypto with credit cards or debit cards and have them sent directly to your Finblox account.

In certain select jurisdictions, you may even be allowed to buy USDC 1:1 via bank transfer. This is a great way for beginners to invest in crypto, as USDC is one of the most financially stable assets available. To learn more about what makes stablecoins such a great crypto investment, please see this article.

How long does it take to transfer funds?

If you choose to buy cryptocurrency and have it transferred directly into your Finblox account, the process could take a few days. Conversely, if you are just sending existing assets from one wallet to another - we state in the app that the transaction could take up to 48 hours depending on network congestion.

However, the reality is that most transactions take anywhere from 30 minutes to a few hours - so please do not be alarmed. We allow up to 48 hours because we must consider exceptional circumstances as a possibility.

So why is it that transfers from Finblox may take slightly longer than what you've come to expect by estimating blockchain network speeds? The answer lies in the custodial relationship that Fireblocks has with your crypto investments. The same encryption that protects you from external cybersecurity threats acts like a double-sided lock.

As a fail-safe, a custodial wallet requires the application of several keys (approvals) before the funds can be unlocked. On top of that, a sufficient amount of liquidity in the wallet must be maintained and periodically replenished - and every transaction must undergo KYT (Know-Your-Transaction) reporting requirements before being approved.

Users accustomed to the DeFi world may be surprised to see slower transfer speeds, but keep in mind that crypto is a zero-sum game - and there are always tradeoffs for enhanced security.

When do yields get paid out?

At Finblox, yields are compounded and paid daily - which is very attractive to users who invest in crypto that are looking for maximum flexibility in withdrawing their funds. Some crypto buying apps only allow you to collect your rewards once or twice a month, which forces a mental decision to lock-in until that date.

However, please note that if you have recently made a new deposit or added assets to your account - there will be a delay before the rewards calculator begins accruing and paying out your yields. See the following graphic for easier understanding:

How do I get started?

Finblox can be downloaded from the Google Play or Apple store for a majority of devices, and is also available via web application. Registration is quick and seamless, and users can buy crypto instantly within minutes.

For a limited time, users can refer friends and earn up to 250 USDC each! Terms and conditions apply.

We'll go ahead and give you a head start by dropping this referral link here, so you can earn a bonus for your first signup. Don't forget to keep on referring!

So, what are you waiting for? Sign up for Finblox and start earning amazing rewards on your crypto investments today!

Thanks for reading! This article concludes the "Fundamentals" series for beginners, and will move on to covering more advanced concepts and individual projects. Please subscribe if you haven't already, and continue to deepen your knowledge with Finblox University!

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. Charts, graphs and references to any digital assets are for informational and illustrative purposes only.